Ann: Placement to Advance Drummond Basin Exploration, page-39

IF we find something outside the already established resource, which is why many of us are here - then this becomes a non-issue.

The recent raise should be utilised for this IMO and its probably the most important 3-6 months for the Co

Our cash burn is too high to stop operating, and we would fold if we were to not operate and continue as is.

WD needs to go in the next few months, and all money should be used for Geophys and drilling. 900k pay off the first Con note and the second not worried about till close to expiry. ( by then, we will be broke or multiples higher and can accept a convert or raise into it - assuming we exist) Cash is used to drill, and ideally collin street converts.

Any additional Cap raise here kills holders/ owners and the Co in its entirety. All cash must be used to drill and geophys to get the re-rate we deserve.

The land package is exceptional, and the fact we haven't run geophys work till recently is poor. Let's hope we have 1-2 solid targets in a month or so to throw down some deep drills and find something meaningful.